Ronaldo’s Binance Lawsuit Takes Unexpected Turns
In the ongoing legal battle against Cristiano Ronaldo's involvement with the Binance campaign, plaintiffs seek alternative means to contact the football star due to difficulties in reaching him in Saudi Arabia.
Proposed methods include email, social media, and a dedicated website for sharing lawsuit documents, all deemed consistent with The Hague Conventions.
Ronaldo’s current location remains undisclosed, with his last known residence in Saudi Arabia. The plaintiffs consider reaching him through his active presence on the X platform and contemplate sending court documents via email and a customized website.
Initiated as a class-action lawsuit in Florida on November 27, 2023, the legal action alleges Ronaldo’s role in promoting unregistered securities through his association with Binance. The claim centers on the lack of cryptocurrency investment warnings in Ronaldo’s endorsements. The collaboration began in 2022, focusing on an NFT collection showcasing Ronaldo’s career.
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Legal expert Jemma Fleetwood suggests Ronaldo may consult legal counsel, introducing uncertainty in the resolution timeline, compounded by summons delays.
Potential challenges for the plaintiffs include the court’s rejection of claims due to perceived causation gaps. Celebrity endorsements, as seen in a similar case involving Kim Kardashian and Floyd Mayweather, were dismissed, emphasizing investors’ responsibility. Ronaldo could argue his promotions were unrelated to Binance’s operations.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
